james16 Chart Thread | Page 4541 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Where can I learn more about Price Action like those in James16 charts? 9 replies

Attachments: james16 Chart Thread
Exit Attachments

james16 Chart Thread

  • #90,801
  • Mar 5, 2011 1:04am Mar 5, 2011 1:04am
Quoting Pinbar
Just finished marking up my charts for next week and after that I decided to just have a quick look at another PA thread.
In the thread this EJ PB was mentioned as a warning and the fact of the progressively higher lows were mentioned. It was also stated that you can make some pips of a setup like this but basically the opinion was against it.

Anyway, I am looking at this on the weekly and we have, a rather large weekly BUEOB. Not a swing low but it is rather large. However, it is also the third touch of the TL with the 50 fibo as confluence.

I...

Hi Pinbar, for me the close above BRN was the major factor to skip it. PBT&CA 115BRN.
  • #90,802
  • Mar 5, 2011 1:07am Mar 5, 2011 1:07am
Quoting Adilius07
Hi Pinbar, for me the close above BRN was the major factor to skip it. PBT&CA 115BRN.
Thanks Adi

Yes, that is the obvious answer, which I am fully aware of but, I am interested from the point of view of it the BRN breaks.

I am just trying to work on not so good bars.

And also, I am weighing up the fibo confluence factor, PPZ and TL against the close not being so good.

I mean, will these three factors override the close above the BRN?
  • #90,803
  • Mar 5, 2011 1:14am Mar 5, 2011 1:14am
Quoting Pinbar
Thanks Adi

Yes, that is the obvious answer, which I am fully aware of but, I am interested from the point of view of it the BRN breaks.

I am just trying to work on not so good bars.

And also, I am weighing up the confluence factor and TL against the close not being so good.

I mean, will these two factors override the close above the BRN?
I think the path of least resistance is to the upside even without this BRN. Because of the same weekly BUOB you show. Is like price is breaking out of that weekly consolidation box, yeah BUOB is not the greatest, but still the flow is to the upside, to me it looks like further push up is more likely.

EDIT: I forgot the pic. Here is how I would draw my lines. To me it looks as we are already dealt with TL.
Attached Image (click to enlarge)
Click to Enlarge Name: 060311w_eurjpy.gif Size: 17 KB
  • #90,804
  • Mar 5, 2011 1:28am Mar 5, 2011 1:28am
history repeating?
Attached Image (click to enlarge)
Click to Enlarge Name: amgn5.gif Size: 27 KB
meine augen sind die sterne
  • #90,805
  • Mar 5, 2011 1:30am Mar 5, 2011 1:30am
Quoting Adilius07
I think the path of least resistance is to the upside even without this BRN. Because of the same weekly BUOB you show. Is like price is breaking out of that weekly consolidation box, yeah BUOB is not the greatest, but still the flow is to the upside, to me it looks like further push up is more likely.

EDIT: I forgot the pic. Here is how I would draw my lines. To me it looks as we are already dealt with TL.

TL's are rather subjective, I mean, we could add the daily TL to the weekly and it looks bearish.

Do, you see what I mean?
Attached Image (click to enlarge)
Click to Enlarge Name: w.jpg Size: 197 KB
  • #90,806
  • Mar 5, 2011 1:32am Mar 5, 2011 1:32am
Quoting Pinbar
TL's are rather subjective, I mean, we could add the daily TL to the weekly and it looks bearish.

Do, you see what I mean?
Yep, this method is VERY subjective, all apsects of it like size, location, PPZ, space, location everything is subjective and requires our discretion. Just maybe BRN is objective and the close is above it

Everything else is up to our discretion, yes.
  • #90,807
  • Mar 5, 2011 1:34am Mar 5, 2011 1:34am
Quoting cprao
You are right. If the price closed above/below certain PPZ/SR/BRN bias in the direction of the close. or they are the best places to look for PA setups..
If you just refer last 10 to 15 pages, you will see many Jarroo's examples.
thank you for the explanation. i will go few pages back and look at more examples.
  • #90,808
  • Mar 5, 2011 1:39am Mar 5, 2011 1:39am
Quoting Pinbar
Just finished marking up my charts for next week and after that I decided to just have a quick look at another PA thread.
In the thread this EJ PB was mentioned as a warning and the fact of the progressively higher lows were mentioned. It was also stated that you can make some pips of a setup like this but basically the opinion was against it.

Anyway, I am looking at this on the weekly and we have, a rather large weekly BUEOB. Not a swing low but it is rather large. However, it is also the third touch of the TL with the 50 fibo as confluence.

I...
I'm staying out of this one. But one thing to note is that from my experience (btw only a few months) these BUobs tend to retrace prior to breaking. So my take is that we will get a retrace to about the 114 area before moving higher up. The fact that we didn't close below 115 is not a very good sign. Don't expect this to go any lower than 114.

Attached Image (click to enlarge)
Click to Enlarge Name: 5-03-2011 6-13-32 PM.jpg Size: 196 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 5-03-2011 6-14-25 PM.jpg Size: 189 KB


Edit: since on the weekly PBT& CA the 114 area which was previous resistance will now act as support

PB have you had a look at GBP/JPY??? It is much better looking to me as the weekly is in our favour? Any thoughts???
  • #90,809
  • Edited 3:49am Mar 5, 2011 1:43am | Edited 3:49am
Any1 up for this Pinbar...?
FTA 133.6 is a concern..but confluence is there..135/134 RN..CB strong PPZ..
Take profit 133RN
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 23 KB
  • #90,810
  • Mar 5, 2011 1:48am Mar 5, 2011 1:48am
Quoting vasmiza
I'm staying out of this one. But one thing to note is that from my experience (btw only a few months) these BUobs tend to retrace prior to breaking. So my take is that we will get a retrace to about the 114 area before moving higher up. The fact that we didn't close below 115 is not a very good sign. Don't expect this to go any lower than 114.

Attachment
Attachment

Edit: since on the weekly PBT& CA the 114 area which was previous resistance will now act as support

PB have you had a look at GBP/JPY??? It is much better...

I know, that is exactly what I am talking about. LoL
  • #90,811
  • Mar 5, 2011 1:49am Mar 5, 2011 1:49am
Quoting AvanishDemo
Any1 up for this Pinbar...?
FTA 133.6 is a concern..but confluence is there..135 RN..CB strong PPZ..
Take profit 133RN
HI AD, I'm after this one.
Has a bit more confluences like Div and Stronger close.

http://www.forexfactory.com/attachme...1&d=1299296572
  • #90,812
  • Mar 5, 2011 1:58am Mar 5, 2011 1:58am
Quoting AvanishDemo
Any1 up for this Pinbar...?
FTA 133.6 is a concern..but confluence is there..135 RN..CB strong PPZ..
Take profit 133RN
AD I like this one, I've posted this on the pf will post here aswell. Just want to know what the seniors take on this is.


Entry on possible retrace to 1.34 or break of PB. Trouble areas highlighted on chart

Positives:


1. strong close below 134,
2. 135 acting as support,
3. very nice looking PB,
4. PPZ,
5. 365EMA also acting as support (back off 365EMA)
6. Divergance ????
7. weekly looking good (previous week we had something close to a BEOB)

Negatives:

1. space???,
2. going straight back into box,
3. not at swing high?

is Mike likely to take this one? i don't think so, or maybe he will.

is it worth taking???

thoughts appreciated.

Harry

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyd.gif Size: 32 KB
  • #90,813
  • Mar 5, 2011 2:09am Mar 5, 2011 2:09am
Quoting Adilius07
HI AD, I'm after this one.
Has a bit more confluences like Div and Stronger close.


http://www.forexfactory.com/attachme...1&d=1299296572

What pair is that Adi? Can't see a thing.
  • #90,814
  • Mar 5, 2011 2:11am Mar 5, 2011 2:11am
Quoting Pinbar
What pair is that Adi? Can't see a thing.
This is CADJPY Daily PB on Alpari feed. My Oanda looks even better.
  • #90,815
  • Mar 5, 2011 2:12am Mar 5, 2011 2:12am
Good location and chance of working HIGH ,

My reason is relative to recent PA just before it shows me a clear rejection and restest of the lows just before it . And that is not a bad quick pips story..


I think it is helping to keep watching J16 s vids time after time after time after.....etc ))

I think Pin Bar assesment on all is thunbs up .

Cheers

Vito
  • #90,816
  • Mar 5, 2011 2:12am Mar 5, 2011 2:12am
Quoting vasmiza
I'm staying out of this one. But one thing to note is that from my experience (btw only a few months) these BUobs tend to retrace prior to breaking. So my take is that we will get a retrace to about the 114 area before moving higher up. The fact that we didn't close below 115 is not a very good sign. Don't expect this to go any lower than 114.

Attachment
Attachment

Edit: since on the weekly PBT& CA the 114 area which was previous resistance will now act as support

PB have you had a look at GBP/JPY??? It is much better...

If that PB breaks and it get's past the support at around 114.73, it has nearly 80 pips to the BUEOB previous bar high.

That is more than enough room to trade in.
  • #90,817
  • Mar 5, 2011 2:16am Mar 5, 2011 2:16am
Quoting Adilius07
This is CADJPY Daily PB on Alpari feed. My Oanda looks even better.
Yeah I had taken note of that one and, this is a better setup than the one we were discussing, for sure.

A bit of a tight FTA though. That said, if it get's below the 365 we have a good place to move the SL to.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 136 KB
  • #90,818
  • Mar 5, 2011 2:36am Mar 5, 2011 2:36am
Hey Adi

Just took a look at the CAD/JPY on my IBFX feed.

I would have liked to see this this weekly close below the 38.2 and the PPZ.

What do you think about these factors? Ton of resistance at 84.50

EDIT: I suppose the fact that nothing closed above this area since July 2010 says something.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 93 KB
  • #90,819
  • Mar 5, 2011 2:50am Mar 5, 2011 2:50am
Quoting Pinbar
Hey Adi

Just took a look at the CAD/JPY on my IBFX feed.

I would have liked to see this this weekly close below the 38.2 and the PPZ.

What do you think about these factors? Ton of resistance at 84.50

EDIT: I suppose the fact that nothing closed above this area since July 2010 says something.
Yeah, weekly doesn't look good on Alpari also. I checked it quickly.
I think this setup (the PB itself as is) has a high potential of hitting that FTA which you marked. I actually have it as TP. And then we don't know, the continuation up is possible I think too... Weekly looks bullish to me also.

For now I try to stick to one TF as Mike many times mentioned how he do it. So for me I think the FTA is obvious we should hit it - this is all I want to know And I will of course be quick with BE, so I am confident with this setup, already prepared everything and will hit it first thing monday morning
  • #90,820
  • Mar 5, 2011 3:14am Mar 5, 2011 3:14am
Quoting Adilius07
Yeah, weekly doesn't look good on Alpari also. I checked it quickly.
I think this setup (the PB itself as is) has a high potential of hitting that FTA which you marked. I actually have it as TP. And then we don't know, the continuation up is possible I think too... Weekly looks bullish to me also.

For now I try to stick to one TF as Mike many times mentioned how he do it. So for me I think the FTA is obvious we should hit it - this is all I want to know And I will of course be quick with BE, so I am confident with this setup, already prepared...
Hi Ad,

Don't want to dissuade you or anything but these boxes really scare me. Same thing with GBP/JPY, difference being there is not as much congestion here. From my understanding Mike really doesn't trade back into these areas. Would really like to hear his take on these. Your FTA will most likely be hit but these are just some things to consider.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cadjpy.gif Size: 34 KB
Click to Enlarge Name: gbpjpy.gif Size: 38 KB
212 traders viewing now